Word: ftc
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...other fronts, the reformers have had less impact. Investigative groups ranging from Ralph Nadar's organization to the Federal Trade Commission (FTC) have raised serious doubts about the test makers' claims, but policies here at Harvard and elsewhere haven't changed significantly as a result. Two leading critics of the SAT, and of ETS itself, are Harvard-affiliated doctors Warner V. Slack and Douglas Porter, who have combined their respective backgrounds in computer medicine and psychology to produce a detailed critique of the test and its administrators. Their most important research on the issue appeared last year in the Harvard...
Regulation of Trade Practices. The Federal Trade Commission now makes cost-benefit analyses before issuing new rules. The Administration has also cut back on the funding and powers of the FTC's antitrust division, which it had originally hoped to eliminate. As a result, the FTC has been less aggressive in opposing corporate mergers, a reversal that may be helping to fuel the recent rash of takeover bids. Last week an FTC official ruled that antitrust actions against the three largest cereal companies be dropped. The commission is also backing away from plans to regulate nonprescription drugs, require used...
...formally appointed, but James Miller is a likely choice. Even before the new chairman arrives, policy is shifting. Last week the commission announced that it would not oppose Standard Oil of Ohio's takeover of Kennecott Corp., the nation's largest copper producer. A year ago, the FTC would probably have fought that acquisition...
...first job in Washington, as Chairman of the Federal Trade Commission, he carried out a reorganization that pointed the FTC toward serving consumer interests so effectively that he won praise from a man little disposed toward lauding bureaucrats, and especially not Republicans: Ralph Nader. Later, after moving from OMB to HEW Secretary, Weinberger sold Nixon, though not Congress, on a national health insurance plan...
...that the tariff on foreign cars be increased from 2.9% to 20%. Representatives of the Federal Trade Commission said that higher tariffs or limits on Japanese imports would cost U.S. consumers at least $3 billion a year while preserving at most 69,000 jobs for American autoworkers. The FTC estimates that those steps would raise the price of a $7,000 Japanese car in this country by at least $500. Fewer imports would also reduce competition and allow U.S. automakers to hike the prices of their vehicles...